Google invests $1 billion in Bitcoin futures provider CME Group

Google invests $1 billion in Bitcoin futures provider CME Group

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Answer Google invests $1 billion in Bitcoin futures provider CME Group

I got CME Futures, the futures exchange giant that provides regulated bitcoin services, has received a massive $1 billion investment from Google to move its trading platforms to the cloud.

. has been reported the news First reported by The Wall Street Journal, it was reported that the tech giant will offer its cloud services to the Chicago Mercantile Exchange, which powers energy markets that handle trillions of dollars of trade every day.

The two parties agreed to a ten-year partnership.

CME will strive to prepare new users faster and develop new features using Google technologies, such as artificial intelligence software.

CME Group is one of the world’s largest exchange operators with a capital of nearly $80 billion, while Google is the fourth largest cloud provider with 6.1% of the global market share last year.

Read:Gemini platform announces that it has secured all cryptocurrencies within the platform

Launched over a century ago, the Chicago Mercantile Exchange provides its clients with exposure to many markets, from crude oil and gold to futures on the stock markets.

Since late 2017, CME has also become a part of the cryptocurrency space by launching Bitcoin futures trading.

Since then, the company has facilitated deals for several giant institutions, including the world’s largest asset manager, BlackRock.

Read:Bitcoin options contracts expire today… what does that mean?

The Chicago Mercantile Exchange also released Ethereum futures trading and recently doubled its trading volume with the launch of Micro Ethereum futures.

Read also:

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